Merger is not closing until June.
This is not correct...second quarter completion does not mean it will take till June. This will be done in the next few weeks it won't take 4-6 weeks.There are some big backers in this stock including a few billionaires. There was a post yesterday on Yahoo highlighting the names
"Ok Gang, my last two post for a while. First off, why did I buy?? Facetones and the excellent management Vringo had in place. Now, even better management, bigger opportunities ahead, the future looks bright! Remember, Wall ST ALWAYS looks forward!!! Not now, not in the past, but the future and forwards!! Cry and play the game, I said all along PATIENCE is key, along with a strong stomach!! Vringo will go much higher.
Remember, many settelements happen around the Marksman date, and just thereafter. We also have to look forwards to the closing of the merger, with hopefully a price well over $3 a share, as we then would have no need for the reverse split. I am betting we won't need one.
Vringo has someone wanting I/P already. Has BIG Backers in Billionaire Dr. Phillip Frost, Teva Pharma Chairman, as well as the Chairman and Co-Chairman of InterCLICK(Yahoo now).
On February 15, 2012, Messrs. Roth, Lang and Berger invited Messrs. Perlman and Weinstein to Hudson Bay Capital’s offices to discuss new deal terms. Mr. Perlman indicated the number of shares it would issue to Innovate/Protect would be reduced from its previous offer. Mr. Berger indicated that in the period of time in which negotiations had been terminated, the value of Innovate/Protect had increased due to a number of factors, including: (i) Innovate/Protect had received a SCHEDULING ORDER in I/P Engine’s litigation, (ii) David Cohen had JOINED Innovate/Protect as special counsel, and (iii) Innovate/Protect HAD BEEN APPROACHED BY AT LEAST ONE OTHER COMPANY INTERESTED IN ACQUIRING IT."
